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Plumb Tool Company

The 1927 edition of Mergent Moody's Industrial reports that the original company was founded in 1856 by Johnathan Yerkes in Frankford, PA. In 1869, Fayette R. Plumb entered into partnership with Yerkes and together they founded Yerkes & Plumb. Upon his retirement in 1886, Yerkes sold his interest in the company to Plumb and and shortly thereafter, Plumb began operating under the Plumb name. On November 5, 1892, a large fire damaged approximately $70,000 worth of "ready to be shipped" inventory. The company was incorporated in 1897. It appears the company was incorporated under the name Fayette R. Plumb Tool Works. Fayette R. Plumb Sr. passed in 1905 and he was succeeded by his son, Fayette R. Plumb Jr.